Dear Sir
Dear Experts
We purchased a vehicle for our Company.
Vehicle dealer raised invoice with basic price of vehicle, insurance, r.t.o. regt. charges and accessories.
While capitalising the vehicle in the company's books of accounts as fixed asset, other than basic price can we capitalise insurance, r.t.o. regt. charges, road tax, accessories and extended warranty charges for further 2 years.
These charges charged by vehicle dealer in his invoice.
Please advice at the earliest.
Arun Gaikwad
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Whether insurance charges & r.t.o.reg charges capitalised?